Save Tax with Courses #education #course #employment #finance

Research allowance - Any allowance granted to meet the expenditure on academic research and other professional pursuits, is exempt from tax under section 10(14).

🔸 For Eg:-

Mr. Kapoor is working in Essem Educational Academy. The company is paying him Rs. 840 per month as research allowance to meet the expenditure on academic research. In the month of April, he had actually incurred no expenditure on academic research. In this case, the amount of exemption will be Nil, being lower of amount of allowance or the amount spent for the purpose of
allowance.

➡️To get this, you have to tell your HR to give the amount of RA in your payslip(It’ll be adjusted with your salary) and that entire amount which you’ve spent in the courses or subscription or books will be Tax free.

Source: Income Tax Act, ClearTax
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